Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
23 Jan 2020

AUD/USD jumps 38 pips on better-than-expected Aussie jobs report

  • AUD picked up a bid on the above-forecast jobs report. 
  • The economy added significantly higher jobs than expected. 
  • Ful-time jobs, however, declined and could keep gains under check.

The bid tone around the AUD strengthened, pushing the AUD/USD pair higher by 38 pips after the Australian jobs data bettered estimates by a big margin. 

The Australian economy added 28.9K jobs in December. Employment was forecasted to have risen by 15k in December, easing from the prior month’s impressive gain of
39.9k.The jobless rate dipped to 5.1% in December from the preceding month's 5.2%. It was forecasted to have stayed unchanged at 5.2%.

AUD/USD pair rose from 0.6838 to 0.6876 in a knee-jerk reaction to above-forecast headline numbers. 

The economic climate had darkened towards the year-end, as the country battled to bring the fires under control and so the markets were expecting a weak number. 

The positive surprise, therefore, is likely to keep the AUD better bid during the day ahead. 

That said, big gains may remain elusive as the Full-Time jobs fell by 0.3K, taking the shine off the big beat on the headline figure. 

The investors, therefore, are unlikely to scale back expectations for a Reserve Bank of Australia (RBA) rate cut on 4 February. As of Wednesday, expectations for a 25 basis point cut from the Reserve Bank of Australia (RBA) on 4 February sat at 56%. 

Technical levels

 

Jan 23, 2020

Australia Part-Time Employment: 29.2K (December) vs previous 35.7K

Australia Part-Time Employment: 29.2K (December) vs previous 35.7K
Read more Previous
Jan 23, 2020

AUD/NZD Price Analysis: Bulls return after strong Aussie job numbers

AUD/NZD surges to 1.0432, +0.50%, just after Australia’s better than forecast employment data, published early Thursday.
Read more Next